COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

South Dublin County Council Crest

MEETING OF ECONOMIC DEVELOPMENT, ENTERPRISE AND TOURISM SPC

Thursday, March 26, 2015

HEADED ITEM NO.

HEADED ITEM: T. Shanahan

Update on Business Support Grant

REPLY:

The rationale for the Business Support Grant (BSG) is that 1% of rates paid would be ringfenced to directly support business. This is subject to the budgetary approval by the Elected Members.

 As the SPC member's are aware the primary operation of the BSG is a direct grant to eligible businesses with a rateable value of under €10,000.

Work is ongoing with the Finance department to pay the remaining approx. 900 applicants. The letter for the 2015 grant, which has been simplified, is due to issue.

With respect to the surplus funds from the BSG, as agreed, they will be used to target industrial vacancy/ underutilisation and obsolescence   and; to promote innovation and enterprise, on a percentage breakdown of -

 Work is ongoing on this basis, over the last number of weeks;